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I sense your pain and Im sorry, but its not my fault. Good luck ammo.

Im not predicting, just short term trend follower. Trying to have a polite conversation with a fellow trader, you.

More traders got killed predicting bear markets than bear markets killing traders. You might be referring to speed, because frankly, this upside has been on going for over 4 years now. If 666 to 1700 is not a sign of Kaboom, what is it ?

I cant imagine how deeply profitable ammo would be if he used his style on the long side.

Anyone here shorted ADT or is short ADT and wants to post their positions ? I've always liked the transparency of RM in his journal.

Premature imo, nothing will prevent this from testing mid 39s.

Crazy trading action, ADT has been all over the place today, new weekly highs, new weekly lows, it cant find direction but the whole upside attempt is looking like it will be fizzle. No change shooting for 36s.

What the gentleman said.

I had covered my position on ADT on what I thought it would be temporary support before earnings Today I used the opportunity to reload the short position on retracement up with better prices. Looking for 36.50 this year.

Ooops lol

Profits on the shorts and quickly reversing with the trend, nicely played.

All these theories and beliefs lead to nothing but pain, in the meantime what have you got to show for this furious rally in 2013? They did not send a bull email either, oh wait, Bernanke did, totally forgot that. Will this have an end? Of course it will, but no reason to predict it...

If and when the so called horror begins, momentum will be lost, change of direction will begin, and new momentum to the downside will follow, that time is not now, when its time to short, I will short, because I dont short uptrend, but most important, I dont need to short the top to make money...

Short covering is also a buyer, this rally is hated, as long as the hate remains the uptrend will continue. These are new all time highs, therefore there is zero resistance.

To add to my one liner post. Typically, a larger TF trend of potential support or resistance is supposed to take over a smaller TF trend. Most of the time what will happen is, you obtain a reaction due to this clash, and then the outcome of the clash is typically the conclusion of the...

I meant no harm, and most definitely not a troll, in fact posted a better post in the same thread than the one liner. Sorry about that.

Sure you can, swing trading comes to mind.

Looks like a bear flag at the bottom.

Not always

Everytime you examine an instrument, work your way down. Yearly Quarterly Monthly Weekly Daily 4 hours hourly 30 min below this level, enter at your own risk.